PI (Pi) fell 4.19% in the last 24 hours.

Gate News Bot news, on August 6th, according to CoinMarketCap data, as of the time of publication, PI (Pi) is currently priced at 0.34 USD, having fallen by 4.19% in the last 24 hours, with a high of 0.43 USD and a low of 0.34 USD. The current market capitalization is approximately 2.671 billion USD, a decrease of 117 million USD compared to yesterday.

Pi is a digital currency that can be mined using a mobile phone without draining the battery. The project aims to involve more people in the cryptocurrency revolution by making cryptocurrency mining simple through breakthrough technology. The Pi Network emphasizes decentralization, mobile-first, and user-friendly features, and is committed to creating a secure, tamper-proof, counterfeit-resistant, and interoperable digital currency ecosystem.

Important news about PI recently:

1️⃣ Large investors bet on the Federal Reserve's long-term interest rate policy Notable cryptocurrency market investor "Spice" recently invested $1.3 million, betting that the Federal Reserve will maintain the current interest rate level after the July 2025 FOMC meeting. This large investment reflects market expectations for the direction of U.S. monetary policy over the next two years and may have a long-term impact on the cryptocurrency market, including PI.

2️⃣ Macroeconomic Expectations Affect the Cryptocurrency Market Some large investors are cautiously optimistic about the future economic outlook, expecting that the Federal Reserve may maintain the current interest rate levels for a prolonged period. This long-term macroeconomic expectation has become one of the potential factors leading to recent price fluctuations in cryptocurrencies such as PI.

3️⃣ Investors' focus shifts from short-term to long-term Large amounts of capital are betting on interest rate trends in July 2025, indicating that some market participants have extended their investment horizons to a further timeframe. This shift in long-term investment strategy may affect the market sentiment and price trends of cryptocurrencies such as PI, with investors paying more attention to the long-term development prospects of projects.

From a technical perspective, the PI price fluctuates between $0.34 and $0.44, showing a certain degree of price elasticity. Considering the current uncertainty in macroeconomic expectations, the price trend of PI may continue to be influenced by external factors.

This message is not investment advice; investors should be aware of market volatility risks.